Comments

I wouldn’t mind paying lower rates to a dysfunctional local council mob. With a fall in rent due to an oversupply of apartments they approved for construction in the city, it’s only fair the sh**stirring aldermen take a pay cut.

already your correspondents, rudi and steve have differed with you in relation to why, how and when the mighty hammer will fall it is not up to local politicians to govern house prices. oz polli-puppets move with the puppeteer; the usa fed. reserve ‘bank’, which will likely pull the plug on credit anytime soon just like in 1929/30, the real cause of the depression of that time. so it is useless to play king canute with oz anything. when the tide goes out the skinny dippers will be revealed. of course the real antidote for politician meddling and misleading the public in everything is the sound of war drums, and they are very audible right now. so then the politicians will cry ‘its wartime’ lets assist our allies and send our brave troops off to be slaughtered, while we continue to save the country because we are so valuable. and draw another brisbane line to save sydney, melbourne and canberry..only this time we will have to avoid those nasty nuclear missiles that might come raining down on us from far away. so we then ask the question : is it safer in the military or be a citizen? i do not think anyone will worry about asset prices soon. lol and don’t worry about the chinese. they are not a warmongering people. cheers, ron

High house prices and rents kill manufacturing, if your workers live in a $20 / week apartment in mexico, you can pay them 30 / week, and they can live quite well.

Our manufacturing in Australia has been fatally wounded by our high cost of living, it’s a lot easier to keep an industry going than to start it up from scratch so don’t think it will magically come back again.

When the govt. says we’re moving to a service based economy, services service manufacturing, farming and mining, they service money making activities, we can’t all give each other haircuts or parking fines and get all of our products made in China, not long term, China will want to be paid, and we’ll have to sell them more and more of our country, and our roads and our services.